Another Popular Sporting Goods Store Files for Bankruptcy

Gander Mountain Co. in Minnesota is in the currently filing for bankruptcy. Yikes. Sporting goods stores seem to go out of business left and right.

The company is working diligently with a financial advisor to complete the process.

gander-620x409

This is a hard and sad decision for Gander Mountain, but they seemed to have tried to expand a little too quickly and aggressively. They are a great store, but they simply did not pull in enough new customers to cover the costs.

take our poll - story continues below

Should Jim Acosta have gotten his press pass back?

  • Should Jim Acosta have gotten his press pass back?  

  • This field is for validation purposes and should be left unchanged.
Completing this poll grants you access to Eagle Rising updates free of charge. You may opt out at anytime. You also agree to this site's Privacy Policy and Terms of Use.

Trending: Scientists Admit “Math Error” Led To Alarming Results In Major Global Warming Study

Reuters report says that the company took out massive loans:

The company has a $30 million loan, and revolving credit lines for $25 million and $500 million, according to Thomson Reuters data. It is not clear how much money in the credit lines Gander Mountain has yet to draw down on.

Here is the released a statement from Gander Mountain:

Gander Mountain is the nation’s la…

Read the rest of the story at Keep and Bear

The views expressed in this opinion article are solely those of their author and are not necessarily either shared or endorsed by EagleRising.com


About the author

eaglerising

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

Send this to a friend